Question

Forever 21 has adopted an inventory system that reduces the amount of time between the recognition that an order needs to be placed and the arrival of the needed merchandise at the seller's store, available for sale. this increases product availability and lowers inventory investment. these benefits are attributed to the _______ system.

Answer 1

Just-in-time (JIT).
This strategy increases efficiency and decrease waste in production development. This strategy also cut down costs by eliminating depot storage needs. Companies give less money on raw materials. First company that use this is system is Toyota System in 1960s and 1970s.